Everence Capital Management Inc. Reduces Stake in The Andersons, Inc. (NASDAQ:ANDE)

Everence Capital Management Inc. reduced its stake in The Andersons, Inc. (NASDAQ:ANDE) by 56.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,150 shares of the basic materials company’s stock after selling 11,810 shares during the period. Everence Capital Management Inc.’s holdings in Andersons were worth $371,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Pacer Advisors Inc. lifted its position in Andersons by 8.8% in the second quarter. Pacer Advisors Inc. now owns 3,737,703 shares of the basic materials company’s stock valued at $185,390,000 after acquiring an additional 303,711 shares during the last quarter. State Street Corp boosted its position in shares of Andersons by 2.2% in the 3rd quarter. State Street Corp now owns 1,337,344 shares of the basic materials company’s stock valued at $67,054,000 after purchasing an additional 28,773 shares during the period. American Century Companies Inc. lifted its stake in Andersons by 16.8% in the second quarter. American Century Companies Inc. now owns 933,968 shares of the basic materials company’s stock valued at $46,325,000 after buying an additional 134,126 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Andersons by 1.9% in the third quarter. Geode Capital Management LLC now owns 785,139 shares of the basic materials company’s stock valued at $39,374,000 after acquiring an additional 14,634 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Andersons by 23.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock worth $32,720,000 after purchasing an additional 124,468 shares during the period. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Andersons Price Performance

NASDAQ ANDE opened at $40.77 on Tuesday. The business’s fifty day moving average is $45.01 and its two-hundred day moving average is $47.80. The Andersons, Inc. has a 1 year low of $39.25 and a 1 year high of $61.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98. The stock has a market capitalization of $1.39 billion, a P/E ratio of 11.65 and a beta of 0.59.

Andersons (NASDAQ:ANDE) last announced its earnings results on Monday, November 4th. The basic materials company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.43 by $0.37. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.90 billion. Andersons had a net margin of 1.06% and a return on equity of 8.21%. The business’s quarterly revenue was down 27.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. On average, research analysts forecast that The Andersons, Inc. will post 2.9 earnings per share for the current fiscal year.

Andersons Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be issued a $0.195 dividend. The ex-dividend date is Thursday, January 2nd. This is an increase from Andersons’s previous quarterly dividend of $0.19. This represents a $0.78 dividend on an annualized basis and a yield of 1.91%. Andersons’s dividend payout ratio is 22.29%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ANDE. StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th. Stephens reissued an “overweight” rating and issued a $60.00 target price on shares of Andersons in a research report on Thursday, January 2nd.

Insiders Place Their Bets

In other news, insider Joseph E. Mcneely sold 2,382 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total value of $113,692.86. Following the completion of the transaction, the insider now owns 49,601 shares in the company, valued at approximately $2,367,455.73. This represents a 4.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 5.10% of the company’s stock.

Andersons Company Profile

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company’s Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.